HM Revenue and Customs (HMRC) has published draft regulations to amend the Disregard Regulations 2004 and the Change of Accounting Practice Regulations 2004. HMRC has also published a Technical Note to accompany the draft regulations and which provides an overview of the amendments.
The proposed changes are set out in 3 sets of amending regulations. For each set of amending regulations there are draft regulations and explanatory note, a draft explanatory memorandum and a tax information and impact note.
The draft regulations are now published for a short period of technical consultation which will close on 12 September 2014. Please direct any comments to:
HM Revenue and Customs
100 Parliament Street